savings

Axos $150

Summit Savings

No direct deposit: a referred Summit Savings customer who holds $5,000 of new money for 60 days earns $150 in the holiday window.

Effective value after fees

$150

Holiday total. The monthly fee is not stated, so it is not subtracted. You do tie up $5,000.

Exact requirements

Open Summit Savings through a referral link and fund it within 60 days.
The standing friend bonus is $50. The holiday add-on is another $100, for $150, on the same balance rule.
New funds cannot come from another Axos account.
One personal referral reward only.

Bonus: $150
Direct deposit: Direct deposit is not required.
Deposit: Keep an average daily balance of at least $5,000 in new funds for any 60 consecutive days inside the first 120 days.
Keep the account open: The 60-day average has to finish inside the first 120 days, and the account must be open at payout.
When the bonus posts: Within 30 days after the balance requirement is met.
Expiration: Holiday referral signup by December 31, 2026.
Monthly fee: Not stated on the referral page.
How to waive it: Not stated on the referral page.
Early closure: Not stated.
Credit pull or ChexSystems: not stated
Where it is offered: Availability not stated. States are not listed.
Last verified: November 15, 2026

A separate APY boost on Summit Savings uses promo code SUM26 and is a rate, not this cash bonus. Verified November 15, 2026.